Seeking Alpha


Send Message
View as an RSS Feed
Latest comments  |  Highest rated
  • Wanted: Hundreds of workers to build the Boeing 787 [View news story]
    It's the Company's labor model for the future. After all, when you switch from being a Manufacturer to being an "Integrator" you only need to retain people with MBA's and degrees in Systems Integration. Permanent employee's are expensive and reduce EBITDA, which can cause a loss in stock value, which can cause reduced status on the Fortune 500 list, which can cause you to get your tee-time bumped at the Country Club. Don't lose your tee-time - hire casual labor to assemble the airplanes and make sure they don't steal anything when you kick them out of the factory each night!
    Jan 23, 2014. 11:29 AM | 2 Likes Like |Link to Comment
  • Boeing (BA) Chairman and CEO Jim McNerney received compensation valued at almost $27.5M in 2012, a 20% increase over the previous year as the aerospace group's jet deliveries overtook arch-rival Airbus for the first time in a decade. [View news story]
    Thanks Jim. Deeply appreciate your cutting the Pension benefit for future employee's while claiming a multi-million dollar prize for yourself. Nice job getting out front of the cost per day for the 787 battery debacle; the chairman of Toyota wonders where you lost the plot in his "CEO Takes Responsibility and doesn't shuffle it off to his employee's to explain" lesson. What Hubris!
    Mar 16, 2013. 12:28 PM | Likes Like |Link to Comment
  • Around 23,000 members of the Speea engineers and technical workers union who work at Boeing (BA) are due to finish voting today on whether to accept the company's latest contract offer and whether to authorize strike action. Speea has recommended that members reject Boeing's proposal, although the union would be unlikely to call a strike before next month if it receives approval to do so. [View news story]
    The point of the Union's recommendation is to allow for the continuation of a solid labor force here in the Northwest. Boeing's intransigence on the issue of the Defined Benefit Pension v. the "enhanced" 401-K plan for new-hires demonstrates that Chicago's mindset is laser focused on painting an artificially rosy EBITDA picture. Creation of a two-tiered system has been tacitly acknowledged by Chicago as the first step in a larger plan to completely do away with one of the most financially important benefits that Boeing Engineers, Technicians and Machinists currently enjoy. Shifting the burden of retirement savings onto the back of the worker is a fine example of the disconnect between Boeing's current management and the people called upon to fix short-sighted mistakes like 787 outsourcing. South Carolina will not replace Everett, Renton (home of the production line of the 737 series) or our Military and Space systems engineering, nor will China. The only danger to Boeing's bottom line and it's current market share is if the Executive Series managers continue to value short-term calls over long-term employee loyalty. Boeing needs to get back to the table and show the world that it is ready to do whatever it takes to get the 787 fleet flying again and continue to lead the Aerospace world by attracting, hiring and keeping long-term employees.
    Feb 19, 2013. 11:11 PM | Likes Like |Link to Comment
  • Boeing (BA) and the Speea union, which represents 23K engineers and technical workers at the company, suspend negotiations over a new contract until 2013 following a request from federal mediators amid an impasse in the talks. Speea earlier this week made moves to prevent a wildcat strike that was due for yesterday, but has encouraged engineers to refuse voluntary overtime and to "work to rule." [View news story]
    Why do most of these posts read like hastily conceived gibberish? When did the proper use of grammar, idiom and tense fall away from common writing? Are the majority of you actually as poorly educated as your poorly spelled and generally idiotic rants would lead us to believe? Where is the voice of someone with a cool head, common sense and the ability to string words together into a proper sentence? If you've read this far, then please do the rest of us a favor and use your Spell-Checker, do a proof-read and most of all, think twice before hitting the "Publish" button. Thanks.
    Oh, by the way, I am a SPEEA Tech and most of you people are terribly misinformed. If you are curious as to why I say that, please ask and I will tell you what the reality of this negotiation is and why it is important to you. Thanks.
    Dec 7, 2012. 02:55 AM | Likes Like |Link to Comment